Is Salem Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, OH
How much do homes in Salem Township, OH cost?
Median Sold Price
$163,923
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Salem Township was $163,923 in May 2024, up 13.1% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $76.3K | -15.2% |
2 Bedrooms | $124.9K | $118K | -5.5% |
3 Bedrooms | $150K | $172.2K | +14.8% |
4 Bedrooms | $235K | $210.6K | -10.3% |
5+ Bedrooms | $177.5K | $235K | +32.4% |
Summary: Salem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
Salem Township | $145K | $163.9K | +13.1% |
Perry Township | $249.9K | $263.1K | +5.3% |
Perry Township | $170K | $175K | +2.9% |
Housing Supply in Salem Township, OH
How many homes are available in Salem Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
104 | 93 | -10.6% |
Summary: The Salem Township real estate market had 93 homes for sale in May 2024, a 10.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 16 | -15.8% |
3 Bedrooms | 63 | 54 | -14.3% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Salem Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Salem Township in May 2024, up by 3.6% month-over-month. Of the 29 sold homes, 45% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Salem Township, OH
How long does it take to sell a home in Salem Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 53 Days | +21.1% |
Summary: Homes in Salem Township had an average of 53 days on market in May 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Salem Township; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.